EXERCISES Overhead, Unit Cost lst yen, cot products using a normal costing system. The following data are available for last year Exercise 4.11 Predetermined Overhead Rate, Applied Budgeted Overhead Machine hours Direct labor hours $285,600 84,000 10,200 Actual: Overhead Machine hours Direct labor hours Prime cost Number of units $285,000 82,200 9,930 $1,050,000 150,000 Overhead is applied on the basis of direct labor hours. Required 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digit